Autobloghttp://www.autoblog.com
Autobloghttp://www.blogsmithmedia.com/www.autoblog.com/media/feedlogo.gifAutobloghttp://www.autoblog.com
en-usCopyright 2015 Weblogs, Inc. The contents of this feed are available for non-commercial use only.Blogsmith http://www.blogsmith.com/http://www.autoblog.com/2015/03/01/goodyear-antibribery-fine-sec-kenya-angola/http://www.autoblog.com/2015/03/01/goodyear-antibribery-fine-sec-kenya-angola/http://www.autoblog.com/2015/03/01/goodyear-antibribery-fine-sec-kenya-angola/#commentsFiled under: Earnings/Financials, Government/Legal, AfricaGoodyear is paying a fine of over $16 million to the Securities and Exchange Commission without admitting or denying wrongdoing for bribery in Kenya and Angola. Subsidiaries there allegedly paid for tire business and hid the money as legitimate expenses.

Permalink | Email this | Comments]]>angolabriberyforeign corrupt practices actgoodyearkenyasecsecurities and exchange commissionSun, 01 Mar 2015 09:02:00 ESThttp://www.autoblog.com/feed/21147473/article-comments.xmlhttp://www.autoblog.com/feed/2015/03/01/goodyear-antibribery-fine-sec-kenya-angola/21147473/article-detail.xml21147473http://o.aolcdn.com/dims-shared/dims3/GLOB/crop/5616x3175+0+75/resize/376x212!/format/jpg/quality/85/http%3A%2F%2Fhss-prod.hss.aol.com%2Fhss%2Fstorage%2Fmidas%2F53cac002c0ee3d0213fdf2af2c4da4d9%2F201618716%2F118033c4639947c0ba20a3c17f908950.jpeghttp://o.aolcdn.com/dims-shared/dims3/GLOB/crop/5616x3161+0+98/resize/800x450!/format/jpg/quality/85/http%3A%2F%2Fhss-prod.hss.aol.com%2Fhss%2Fstorage%2Fmidas%2F53cac002c0ee3d0213fdf2af2c4da4d9%2F201618716%2F118033c4639947c0ba20a3c17f908950.jpeghttp://www.autoblog.com/2014/08/05/ecclestone-headed-100m-settlement-f1-bribery-trial/http://www.autoblog.com/2014/08/05/ecclestone-headed-100m-settlement-f1-bribery-trial/http://www.autoblog.com/2014/08/05/ecclestone-headed-100m-settlement-f1-bribery-trial/#commentsFiled under: Government/Legal, Motorsports, Europe, RacingFormula One bigwig Bernie Ecclestone has opened his wallet to finally put an end to his trial for alleged bribery in Germany. According to Britain's The Telegraph citing the Süddeutsche Zeitung, the controversial racing magnate offered a 60 million pound- ($100 million-) settlement to put the case behind him. Deutsche Welle is reporting that state prosecutors have accepted the deal. Ecclestone had initially proposed $25 million to take care of things and later increased the price further.

Permalink | Email this | Comments]]>bernie ecclestonebernie ecclestone briberybriberyecclestonef1formula 1formula onetrialTue, 05 Aug 2014 09:33:00 ESThttp://www.autoblog.com/feed/21007573/article-comments.xmlhttp://www.autoblog.com/feed/2014/08/05/ecclestone-headed-100m-settlement-f1-bribery-trial/21007573/article-detail.xml21007573http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fo.aolcdn.com%2Fdims-shared%2Fdims3%2FGLOB%2Fcrop%2F3768x2499%2B0%2B151%2Fresize%2F628x417%21%2Fformat%2Fjpg%2Fquality%2F85%2Fhttp%3A%2F%2Fhss-prod.hss.aol.com%2Fhss%2Fstorage%2Fmidas%2Fb54a5df0a5c63fc8e051b594d5a8b440%2F200528919%2F499d7636ea0c493fb57bc74b4e8bb312.jpeghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fo.aolcdn.com%2Fdims-shared%2Fdims3%2FGLOB%2Fcrop%2F3768x2499%2B0%2B151%2Fresize%2F628x417%21%2Fformat%2Fjpg%2Fquality%2F85%2Fhttp%3A%2F%2Fhss-prod.hss.aol.com%2Fhss%2Fstorage%2Fmidas%2Fb54a5df0a5c63fc8e051b594d5a8b440%2F200528919%2F499d7636ea0c493fb57bc74b4e8bb312.jpeghttp://www.autoblog.com/2013/11/09/f1s-ecclestone-allegedly-paid-team-owners-10m-bribes/http://www.autoblog.com/2013/11/09/f1s-ecclestone-allegedly-paid-team-owners-10m-bribes/http://www.autoblog.com/2013/11/09/f1s-ecclestone-allegedly-paid-team-owners-10m-bribes/#commentsFiled under: Government/Legal, Motorsports, EuropeIt's come out that Bernie Ecclestone, the chief executive of Formula One, paid three team principals - Eddie Jordan, Alain Prost and the late Tom Walkinshaw - $10 million each to sign the 1998 Concorde Agreement. Concorde being a commercial rights agreement that governs the split of monies generated by the sport between the FIA, the teams and the Formula One Administration. This is yet another blow in Ecclestone's on-going trial over bribery charges to a German banker, although the English billionaire hardly seems concerned over the revelation.

Permalink | Email this | Comments]]>bernie ecclestonebernie ecclestone briberybriberycvc capital partnersf1formula 1formula onegerhard gribkowskySat, 09 Nov 2013 15:04:00 ESThttp://www.autoblog.com/feed/21012178/article-comments.xmlhttp://www.autoblog.com/feed/2013/11/09/f1s-ecclestone-allegedly-paid-team-owners-10m-bribes/21012178/article-detail.xml21012178http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fo.aolcdn.com%2Fdims-shared%2Fdims3%2FGLOB%2Fcrop%2F3926x2640%2B329%2B0%2Fresize%2F628x417%21%2Fformat%2Fjpg%2Fquality%2F85%2Fhttp%3A%2F%2Fo.aolcdn.com%2Fhss%2Fstorage%2Fadam%2F2459d19070f51686fba72752328fcdc3%2F1fc56c2bd57d4c929cec15328d87ebad.jpeghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fo.aolcdn.com%2Fdims-shared%2Fdims3%2FGLOB%2Fcrop%2F3926x2640%2B329%2B0%2Fresize%2F628x417%21%2Fformat%2Fjpg%2Fquality%2F85%2Fhttp%3A%2F%2Fo.aolcdn.com%2Fhss%2Fstorage%2Fadam%2F2459d19070f51686fba72752328fcdc3%2F1fc56c2bd57d4c929cec15328d87ebad.jpeghttp://www.autoblog.com/2013/08/22/volvo-ceo-pays-700k-settle-man-corruption/http://www.autoblog.com/2013/08/22/volvo-ceo-pays-700k-settle-man-corruption/http://www.autoblog.com/2013/08/22/volvo-ceo-pays-700k-settle-man-corruption/#commentsFiled under: Government/Legal, Hirings/Firings/Layoffs, Commercial Vehicles, SpecialtyVolvo CEO Hakan Samuelsson will be making a rather large charitable donation - 500,000 Euros ($668,000), according to Bloomberg. This is not, however, a move out of the goodness of his heart. It's part of an agreement the exec made after a court case in Germany. Samuelsson spent nine years at truck manufacturer MAN, with his last four years as the boss. During his tenure, though, MAN was accused of illegal conduct, now understood to be bribes, in its Slovenian operations.

Permalink | Email this | Comments]]>briberyfinehakan samuelssonmanvolvovolvo ceoThu, 22 Aug 2013 14:41:00 ESThttp://www.autoblog.com/feed/21013647/article-comments.xmlhttp://www.autoblog.com/feed/2013/08/22/volvo-ceo-pays-700k-settle-man-corruption/21013647/article-detail.xml21013647http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fo.aolcdn.com%2Fdims-shared%2Fdims3%2FGLOB%2Fcrop%2F3190x2442%2B0%2B0%2Fresize%2F628x481%21%2Fformat%2Fjpg%2Fquality%2F85%2Fhttp%3A%2F%2Fo.aolcdn.com%2Fhss%2Fstorage%2Fadam%2F74b3ed7eface0aa643ed0ac08ca3fbbe%2Ff3a2f5ab56f94e259c5ea3f10099ea98.jpeghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fo.aolcdn.com%2Fdims-shared%2Fdims3%2FGLOB%2Fcrop%2F3190x2442%2B0%2B0%2Fresize%2F628x481%21%2Fformat%2Fjpg%2Fquality%2F85%2Fhttp%3A%2F%2Fo.aolcdn.com%2Fhss%2Fstorage%2Fadam%2F74b3ed7eface0aa643ed0ac08ca3fbbe%2Ff3a2f5ab56f94e259c5ea3f10099ea98.jpeghttp://www.autoblog.com/2013/06/02/department-of-justice-closing-books-on-daimler-bribery-investiga/http://www.autoblog.com/2013/06/02/department-of-justice-closing-books-on-daimler-bribery-investiga/http://www.autoblog.com/2013/06/02/department-of-justice-closing-books-on-daimler-bribery-investiga/#commentsFiled under: Government/LegalAn investigation by the US Department of Justice into charges that Daimler bribed officials in 22 countries with "tens of millions of dollars" to win contracts worth hundreds of millions of dollars from 1998 to 2008 has almost come to a close. Daimler paid $195 million in fines to the DoJ and the Securities and Exchange Commission in 2010 over the issue and, along with three subsidiaries in Germany, Russia and China, agreed to a deferred prosecution agreement that placed it under two years of probation. The probation was extended in April 2012 until the end of last year, but it appears Daimler has satisfied the DoJ overlords and the matter can now be resolved.

Permalink | Email this | Comments]]>briberydaimlerdaimler bribesdepartment of justicedojmercedessecsecurities and exchange commissionSun, 02 Jun 2013 14:59:00 ESThttp://www.autoblog.com/feed/21015007/article-comments.xmlhttp://www.autoblog.com/feed/2013/06/02/department-of-justice-closing-books-on-daimler-bribery-investiga/21015007/article-detail.xml21015007http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2013%2F05%2F518981471.jpghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2013%2F05%2F518981471.jpghttp://www.autoblog.com/2013/05/16/f1-boss-ecclestone-staring-down-bribery-charges/http://www.autoblog.com/2013/05/16/f1-boss-ecclestone-staring-down-bribery-charges/http://www.autoblog.com/2013/05/16/f1-boss-ecclestone-staring-down-bribery-charges/#commentsFiled under: Government/Legal, MotorsportsControversial Formula One boss Bernie Ecclestone is facing bribery charges from German prosecutors. The long-rumored indictments stem from the 2006 sale of the racing series from Germany's Bayern LB bank to CVC Capital partners. The charge could result in Ecclestone facing jail time and losing his iron grip on the F1 series.

Permalink | Email this | Comments]]>bayern lbbernie ecclestonebriberycvc capital partnersf1formula oneThu, 16 May 2013 18:31:00 ESThttp://www.autoblog.com/feed/21015219/article-comments.xmlhttp://www.autoblog.com/feed/2013/05/16/f1-boss-ecclestone-staring-down-bribery-charges/21015219/article-detail.xml21015219http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2013%2F05%2Fbernie-ecclestone-f1-boss-testify.jpghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2013%2F05%2Fbernie-ecclestone-f1-boss-testify.jpghttp://www.autoblog.com/2012/06/25/ecclestone-may-face-10-year-sentence-over-f1-bribery-charges/http://www.autoblog.com/2012/06/25/ecclestone-may-face-10-year-sentence-over-f1-bribery-charges/http://www.autoblog.com/2012/06/25/ecclestone-may-face-10-year-sentence-over-f1-bribery-charges/#commentsFiled under: Celebrities, Government/Legal, Motorsports, Europe, UK, RacingFormula One CEO Bernie Ecclestone should expect Germany to file charges against the executive over his alleged bribery of former banker Gerhard Gribkowsky. That's according to Autoweek, which notes Gribkowsky oversaw the sale of BayernLB's stake in the racing series back in 2006 to CVC Capital Partners, which now holds F1's controlling interest.

Permalink | Email this | Comments]]>bernie ecclestonebernie ecclestone bribebribebriberycvc capital partnersecclestonef1formula onegerhard gribkowskyMon, 25 Jun 2012 09:30:00 ESThttp://www.autoblog.com/feed/21020540/article-comments.xmlhttp://www.autoblog.com/feed/2012/06/25/ecclestone-may-face-10-year-sentence-over-f1-bribery-charges/21020540/article-detail.xml21020540http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2012%2F06%2Fbernie-ecclestone-in-monaco.jpghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2012%2F06%2Fbernie-ecclestone-in-monaco.jpghttp://www.autoblog.com/2011/10/27/bribery-scandal-leaves-f1s-commercial-future-in-jeopardy/http://www.autoblog.com/2011/10/27/bribery-scandal-leaves-f1s-commercial-future-in-jeopardy/http://www.autoblog.com/2011/10/27/bribery-scandal-leaves-f1s-commercial-future-in-jeopardy/#commentsFiled under: Earnings/Financials, Government/Legal, MotorsportsBernie Ecclestone has controlled the commercial rights to Formula One for so long it seems like he always has and always will. But that's not exactly the full story. While Ecclestone was the first to negotiate for control over the sport's commercial aspects - namely its television broadcasting rights - there was a time when he had to relinquish control. And that time may come again soon.

Permalink | Email this | Comments]]>bernie ecclestonebernie ecclestone bribebribebriberycvc capital partnersecclestonef1formula onegerhard gribkowskyThu, 21 Jul 2011 09:29:00 ESThttp://www.autoblog.com/feed/21027193/article-comments.xmlhttp://www.autoblog.com/feed/2011/07/21/f1s-ecclestone-to-face-50m-bribery-charges/21027193/article-detail.xml21027193http://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/376x212/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2011%2F03%2Fgyi0060177158.jpghttp://o.aolcdn.com/dims-shared/dims3/GLOB/legacy_thumbnail/800x450/format/jpg/quality/85/http%3A%2F%2Fwww.blogcdn.com%2Fwww.autoblog.com%2Fmedia%2F2011%2F03%2Fgyi0060177158.jpghttp://www.autoblog.com/2010/02/15/report-daimler-to-pay-200m-over-bribery-scandal/http://www.autoblog.com/2010/02/15/report-daimler-to-pay-200m-over-bribery-scandal/http://www.autoblog.com/2010/02/15/report-daimler-to-pay-200m-over-bribery-scandal/#commentsFiled under: Earnings/Financials, Government/Legal, Mercedes-BenzFor a number of years Daimler kept secret accounts used by executives specifically for the purpose of making illicit payments to foreign officials - a practice otherwise known as bribing. The "improper payments" were made primarily in Africa, Asia and Eastern Europe from banks in those regions. The bribery itself wasn't Daimler's problem - the fired whistleblower and the U.S. Department of Justice and Securities and Exchange Commission were.

The South Korean government has decided not to pursue an indictment against Chung Eui Sun, president of Kia Motors. The move not to prosecute apparently stemmed from the fact that his father, Chung Mong Koo (Hyundai Motor chairman) was the one with final authority, and he is being indicted in the bribery scandal.

An ex-government official in the growing Hyundai scandal was found dead Sunday of an apparent suicide. Park Seok-an, under suspicion for bribery in the Korean automaker corruption case was found dead in a lake-he had been slated to appear in the prosecutor's office the same morning, having already been questioned five times on suspicion of taking bribes in exchange for business favors while he was a director-general at a city hall housing division.

As part of an act of contrition for the bribery scandal rocking Hyundai Motor Group, the company is donating
$1.05 billion dollars to charity. The word came Wednesday as Hyundai vice chairman Lee Jeon-kap issued a formal apology
for the corporate malfeasance currently under investigation.

Recent developments in the Hyundai Automotive Group's homeland bribery scandal are seeing the plot thicket. The
prosecution announced Thursday that it has evidence supporting the accusation that company executives bribed
politicians and government officials in 2001, as part of an effort to write-off bad debts incurred by the company's
affiliates.

South Korean officials descended upon Hyundai's headquarters, carting off around 100 boxes of data from
the companies southern Seoul offices. The move came as the latest development in a corruption probe surrounding a
prominent business lobbyist.

South Korean officials descended upon Hyundai's headquarters, carting off around 100 boxes of data from
the companies southern Seoul offices. The move came as the latest development in a corruption probe surrounding a
prominent business lobbyist.